SBP Reserves Near $11.5 Billion After Increase of Over $130 Million in One Week
The foreign exchange reserves held by the State Bank of Pakistan (SBP) increase by $131 million on a weekly basis according ...
Australia raises pressure on multinationals with tough tax law
Australia has approved one of the world’s strictest tax disclosure laws for multinational companies, forcing them to reveal ...
Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast
Major investment banks and research firms project offshore yuan to weaken to an average 7.51 per dollar through the end of ...
ECB May Need to Cut Rates to Stimulative Levels, Villeroy Says
The European Central Bank doesn’t need to constrain the economy any longer and may even have take interest rates to levels ...
ECB Must Take Close Look at Supply Shocks to Economy, Knot Says
The European Central Bank can ignore supply shocks that push up prices as long as inflation expectations hold steady, but ...
What Does Ruble's Sharp Fall Mean for Russia's Economy?
The Russian ruble has experienced a sharp fall in value against the U.S. dollar, weakened in recent days by the U.S. Treasury ...
Russian ruble slides amid sanctions and overheating fears
Russia's currency has fallen sharply, putting pressure on the country's strained financial system. Sanctions are partly to ...
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Central Pennsylvania businesses that recently announced plans to close
This past month, we have had multiple Central Pennsylvania businesses announce they will be closing their doors. Here is a ...
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Stocks surge on cenbank nod to ICB’s Tk3,000cr loan
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), surged by 54 points, or 1.06%, to close at 5,197. Similarly, the blue-chip index, DS30, gained 23 points to reach 1,917. Market ...
Asian stocks subdued, dollar drifts ahead of US Thanksgiving
Asian shares were subdued on Thursday and the dollar was on the defensive after U.S. data showed progress in slowing ...
Russia tries to stem panic over the plummeting ruble, as the central bank is forced to intervene
The ruble weakened to 114 against the greenback earliest this week — hitting its lowest level since March 2022, shortly after ...
Australia central bank says inflation too high for near-term rate cut
Australia's top central banker said on Thursday that core inflation was too high to allow for rate cuts in the near term, all ...